Washington — IBM Vice Chairman Gary Cohn said Sunday that President Trump's nominee for chairman of the Federal Reserve Board is "very highly qualified" and will "take the Fed back to its traditional" norms. "I think we're very fortunate to have Kevin to be the nominee," Cohn said on "Face the Nation with Margaret Brennan." On Friday, Mr.
Main Idea: Gary Cohn said Kevin Warsh is well qualified to lead the Fed and would steer it back toward traditional policy norms.
Key Points:
If Kevin Warsh pushes faster rate cuts or a smaller Fed balance sheet, households could see volatile borrowing costs and market swings.
Warsh's Fed experience may support steadier policy, which could help consumers, workers, and small businesses plan with more confidence.
Rate how each entity in this article affected the American people.
Trump’s Fed chair nominee and the central subject of the article.
Announced Warsh’s nomination and is a key force behind the Fed leadership fight.
Former Trump economic adviser whose comments drive much of the article’s framing.
Current Federal Reserve chair whose leadership and independence are central to the story.
The institution at the center of the nomination and policy discussion.
Named senator taking a public position on Fed nominations.
Program where Gary Cohn made his remarks.
Academic institution tied to Warsh’s recent work.
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Sign in to commentMentioned as one of Warsh’s recent collaborators and part of his background.
Platform where Trump posted about Warsh’s nomination.